Quote from: JayJuanGee on Today at 04:24:28 PM

Quote from: Bravut on Today at 11:55:41 AM

Quote from: Hewlet on Today at 05:53:45 AM

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In a simple word Trading is exhausting,and requires more energy compared when you just accumulate according to your DCA plan which is very relieving and free from losses that might be incurred when you Trade. I also say do we care about trading an asset when we can accumulate and have it in our position. This can't be overstressed as it a matter of choice which we know that every decision has a consequence wether good or bad.

I only would consider selling to buy back Bitcoin to be valid, when such investor musy have been present in the market for at least a full cycle to see how far his investment has gone, of which such investor must have a good stash of Bitcoin and has reach a certain maturity stage whereby he isn't joking around his portfolio but not a beginner or one who accumulation journey and portfolio is still below average ( best word I can use) that's same thing as chasing short term gains because you are just crashing your accumulation journey.

Selling to buy back is reinvestment in Bitcoin which isn't the right phase for anyone who don't have a good stash of Bitcoin or still in early phase of accumulation, you will surely get wrecked if you do.

It is likely that several of us will have variations of differing perspectives regarding how to consider the selling of bitcoin with the potential of buying back at lower prices.

My own personal perspective is that if you are selling your bitcoin with the expectation of buying back cheaper, then you have the wrong ideas about the whole matter - in other words, once you get to a sufficiently large enough bitcoin stash, you should be able to consider any BTC sells that you make to be "extra bitcoin" that you do not really need, so in that regard, you sell them without any expectations of being able to buy back, and yeah sure if the BTC price ends up dropping, then you can use the money that you generated from the sales of BTC to buy back BTC.. so also the selling of BTC on the way up could be like an insurance policy, but you are not selling a large enough quantity of your BTC that you are going to feel that you no longer have enough or that you need more, so maybe when you buy back if the BTC price drops, you are largely just replacing the ones that you bought and the size of your BTC stash might not be changing very much.. since you have to take into account transaction fees and also tax ramifications that can vary between jurisdictions.

So yeah.. I am thinking that your level of experience and the fact that you got through a whole cycle does not justify your selling of BTC as much as your ability to calculate the size of your stash in terms of either having enough or more than enough. .and surely there are various tools that you can create for yourself in order to consider these kinds of matters, including some kind of a raking system that makes sense to your own personal circumstances.

Well said sir JJG, one taken or thinking of taken profit from he or her Bitcoin investment is never a right move . Unless one have already gotten he or her self nice quantities of bitcoin . Even if the individual have the mindset of buying back (when he or she haven't gotten some good Stash) when the price is low , because some time we might wait for the price drop , but at the end things may not go as the way we planned.

So the best time for one to have such mindset that of buying back is when they have already gotten themselves some good amount of Bitcoin stashed (having enough Bitcoin in their portfolio), like for instance a guy accumulation goal was for him to have 5 BTC , so after accumulating for some time he endup hitting that goal , so now he decide to continue with his holding though has done with the accumulating part . Then lateron he decided to start taken some profit from his holding, so while doing so he saw that his Bitcoin Stash us kinda reducing due to the withdrawing, so he may decide to buy some quantities using lump-summing or other convenience method, to purchase some quantities in order to coverup for those withdrawal he has made back then . It is not relevant that it must be same amount he withdrew, he might purchase quantities that's not up to the withdrawal or quantities that's more than that they have withdrew from Their holding .